 Honesty and Integrity: Ashe Appraisal, LLCWe consider what we do as a profession. Requirements to become a licensed appraiser have increased more than ever in the past. So it goes without question in this day and age that real estate appraisal can unquestionably be considered a profession rather than a trade. In our field, as with any profession, we are bound by an ethical code.
The appraiser's primary obligation is to their client.
More often than not, for a normal residential appraisal, the appraiser's client is the lender ordering the appraisal, and often the appraisal is ordered by a third party the lender has contracted in order to maintain independence.
Thereon, appraisers have certain duties of privacy to their clients, plus many rules and regulations to which we must adhere. So, as
a homeowner, if you want a copy of an appraisal report, you normally have to request it from your lender and not the appraiser.
In some cases appraisers will have fiduciary responsibilities to third parties, such as homeowners, both sellers and buyers, or others. Those third parties normally are spelled out in scope of the appraisal assignment itself. An appraiser's fiduciary role is limited to those third parties who the appraiser knows, based on the scope of work or other written parameters of the job.
Appraisers also have rules outside of boundaries of with whom we share information For example, appraisers must store their work files for a minimum of five years - something else Ashe Appraisal, LLC makes a part of their standard routine. We demand the highest professional integrity possible from ourselves. Working on orders where our fee is dependent on our value conclusion is not something we can consider. That means we don't agree to do an appraisal report and get paid only if the loan closes. It should be obvious that inflating a value to achieve what amounts to a bigger fee is unethical! This isn't how we operate. Finally, the Uniform Standards of Professional Appraisal Practice explicitly states unethical behavior as accepting of an assignment that is contingent on "the reporting of a pre-determined result (e.g., opinion of value)", "a direction in assignment results that favors the cause of the client", or "the amount of a value opinion" as well as other situations. We diligently follow these rules to the letter which means you can be confident we are working hard to objectively determine the home or property value. With Ashe Appraisal, LLC, you won't have any doubts that you're receiving 100 percent ethical, professional service. |
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